$UNCX & $UNCL, Time to bridge out of BNB Chain
Dear UNCX Network Community,
With the date of 6th March 2023, Gnosis Chain published an announcement about decommissioning the native bridge between the BNB chain and Gnosis Chain due to low traffic, assets being non-native to each chain, and alternate solutions for this type of bridging. You can find the details of the announcement here.
As part of this introduction, it is worth mentioning that this is a sole decision from the Gnosis Chain & Omnibridge team. The UNCX Network team has been informed about these changes but was not involved in making this decision (we are standing as service users).
We are aware that this scenario impacts our users/holders by inviting them to bridge their holdings out of BNB Chain at their earliest convenience (see below).
Concrete consequences of the above and expected timeline:
- (1) From the 27th of March 2023 all transactions from BNB Chain to Gnosis Chain will be disabled (it will still be possible to send from Gnosis Chain to BNB Chain, but there would be no interest doing so for $UNCX holders — Please do not consider doing so)
- From the 5th of June 2023 the bridge will be fully decommissioned, preventing the transactions for both sides (BNB chain <> Gnosis Chain)
(1) We are actively in touch with the Gnosis Chain team in order to extend this deadline, their team is willing to support our community and users in the best way possible. However, we recommend our users to bridge as soon as possible because we (the UNCX Network team) can not guarantee any deadline extension.
What does it mean for our holders?
Impacted tokens are ONLY BNB Chain tokens UNCX (link) and UNCL (link). All utility tokens held either on Gnosis Chain or Ethereum are not impacted.
Simply put, it is time to bridge your UNCX and UNCL held on BNB Chain assets back to Gnosis or Ethereum.
We do not recommend leaving your assets on BNB Chain, as with the date of decommissioning the Gnosis Bridge to BNB, your assets might end up being stuck there forever without a possibility of selling or bridging them.
The liquidity from our Pancakeswap pairs both for UNCX (DEXTools Link) and UNCL (DEXTools Link) will be removed, since every holder is impacted, including us (the liquidity providers/owners).
You do not have to worry if you are reading this, we have your back and there is still plenty of time to bridge your assets!
Below, we present you a detailed guide for bridging UNCX/UNCL to both Gnosis or Ethereum using Multichain or Omnibridge, which one you choose depends on you.
Last but not least, a few recommendations from our end :
- To bridge from BNB Chain to Gnosis Chain, you will need to use the Omnibridge guide (and from there you can also bridge back to Ethereum Chain at a later stage).
- To bridge straight from BNB Chain to the Ethereum Chain, you will need to use the Multichain guide.
💡If you need some support of any kind while bridging your assets backs, get in touch with the team! All our official community links are available at the bottom of this article.
Multichain guide
This part of the article is a detailed step-by-step guide to bridging your UNCX/UNCL from BNB Chain back to the Ethereum chain using Multichain.
First, we have to open Multichain’s app. You can use this link.
Take a look at the top of the page, you will see a purple button “Connect to a wallet”, select it.
You will see a long list of the available wallets, for this guide we will be using MetaMask.
Once your wallet is connected, the UI on the top of the page will change, displaying your wallet address, selected blockchain, and its native asset used to pay gas fees. In this case, you want to select BNB Chain (How to connect my MetaMask to BNB Chain?).
The next step is selecting:
- The amount (on the left side of the screenshot)
- The token you want to bridge (red highlight)
- The blockchain you are bridging from, in this case, it will be BNB Chain (upper green highlight)
- The blockchain you are bridging to, in this case, it will be Ethereum Chain (lower green highlight)
Note: the amount of your UNCX/UNCL will be lower after bridging due to Multichain fees — the details are available on their UI.
After you set everything up, you have to approve UNCX for the bridging contract. You can do that by selecting the “Approve UNCX” button at the bottom of the page. It will allow the contract to transfer your tokens to a different chain.
A pop-up window will appear in your wallet, asking you to approve the token, select “Confirm”.
After approving your UNCX, the “Approve UNCX” button will disappear. All there is to do is select the “Swap” button.
A confirmation window will pop up. Review it carefully to confirm the details. Then select the “Confirm” button.
The next step is confirming the transaction in your wallet and proceeding. Make sure you have enough BNB to pay the gas fees.
After everything is done correctly, a “Transaction Details” window will appear. You can track the progress of your transaction here.
That’s it! You successfully bridged your UNCX to Ethereum Chain.
Omnibridge guide
This part of the article is a detailed step-by-step guide for bridging your UNCX/UNCL from BNB back to Gnosis Chain using Omnibridge.
First, we have to open the Omnibridge app. You can use this link
In the top right corner, you will se a “Connect Wallet” button, select it.
.You will see a list of the available wallets, for this guide we will be using MetaMask.
The UI will change, displaying your wallet address and the blockchain you are on (Mainnet stands for Ethereum Mainnet here). Select the “ETH<->GC” menu on the right side of the button.
That will open a menu of available bridges, select “BSC<->GC”, highlighted in the image above.
You must also select BNB Chain in your wallet(How to connect my MetaMask to BNB Chain?)
Let’s dive into the main UI.
First, you have to select the UNCX/UNCL tokens you want to bridge, and select the field highlighted on the image.
The “Select a Token” field will appear. Search for “UNCX”, and select it from the list.
The next step is selecting the amount on the left side of the UI. The right side amount is the number of tokens you will get after bridging.
Select the “Transfer” button.
The “Confirm Transfer” window will appear, select the “Continue” button. Confirm the transaction in your wallet and make sure you have enough BNB to pay the gas fee.
A new window will appear, letting you track the progress of your transaction.
And that’s it! You successfully bridged your assets from BNB to Gnosis Chain!
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